Last annual update:
Apply online for a PPP loan today
The majority of Arkansas-based banks were among the leading lenders to “The Natural State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a restaurant, auto repair, medical practice, funeral home, veterinary or hotel, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Arkansas:
Most active SBA lenders in Arkansas
| State Rank | Bank | Bank Headquarters | # of Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Arvest Bank | Fayetteville, AR | 66 | $213,655 | 6.4% |
| 2 | U.S. Bank | Cincinnati, OH | 60 | $41,950 | 8.7% |
| 3 | Simmons Bank | Pine Bluff, AR | 22 | $251,777 | 7.6% |
| 4 | Bank OZK | Little Rock, AR | 20 | $726,220 | 7.4% |
| 5 | FNBC Bank | Ash Flat, AR | 16 | $182,438 | 6.9% |
| 6 | Southern Bancorp | Arkadelphia, AR | 13 | $928,085 | 6.2% |
| 7 | First Home Bank | Saint Petersburg, FL | 12 | $211,000 | 8.0% |
| 8 | Independence Bank | East Greenwich, RI | 12 | $139,583 | 5.5% |
| 9 | BancorpSouth Bank | Tupelo, MS | 11 | $837,582 | 6.2% |
| 10 | First Financial Bank | El Dorado, AR | 11 | $408,682 | 7.1% |
| 11 | United Midwest Savings Bank | De Graff, OH | 10 | $150,000 | 8.1% |
| 12 | Stone Bank | Mountain View, AR | 8 | $983,750 | 7.8% |
| 13 | The Citizens Bank | Batesville, AR | 8 | $333,277 | 7.2% |
| 14 | Legacy National Bank | Springdale, AR | 8 | $184,400 | 6.8% |
| 15 | Arkansas Capital Corporation | Little Rock, AR | 7 | $396,643 | 8.0% |
| 16 | First Service Bank | Greenbrier, AR | 6 | $625,750 | 6.7% |
| 17 | Citizens Bank | Elizabethton, TN | 4 | $2,334,500 | 7.3% |
| 18 | INTRUST Bank | Wichita, KS | 4 | $188,975 | 6.8% |
| 19 | Newtek Small Business Finance | Lake Success, NY | 3 | $1,593,667 | 8.0% |
| 20 | IBERIABANK | Lafayette, LA | 3 | $694,333 | 7.9% |
Top Arkansas PPP lenders (loans <$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | Arvest Bank | 5,940 |
| 2 | Simmons Bank | 2,641 |
| 3 | First Security Bank | 2,594 |
| 4 | Centennial Bank | 2,298 |
| 5 | Bank OZK | 1,289 |
| 6 | Regions Bank | 1,091 |
| 7 | BancorpSouth Bank | 1,049 |
| 8 | First National Bank | 880 |
| 9 | Southern Bancorp Bank | 866 |
| 10 | First Horizon Bank | 851 |
Top Arkansas PPP lenders (loans >$150,000)
| Rank | Bank | # PPP Loans |
|---|---|---|
| 1 | Arvest Bank | 614 |
| 2 | Simmons Bank | 367 |
| 3 | Centennial Bank | 321 |
| 4 | First Security Bank | 305 |
| 5 | Regions Bank | 159 |
| 6 | First Horizon Bank | 148 |
| 7 | Bank OZK | 134 |
| 8 | The First National Bank of Fort Smith | 131 |
| 9 | BancorpSouth Bank | 121 |
| 10 | Southern Bancorp Bank | 110 |
Note: Arkansas PPP loan activity data from the CARES Act from March – August and does not include Heals/Heroes Act PPP loans.